PDX enables individuals and organizations to utilize a transparent peer-to-peer exchanged digital currency backed by the value of crude oil and natural gas – the most globally liquid and actively traded commodities, and critical energy resources for the global economy. Each PDX token represents the net recovered value of a minimum of an estimated 0.7 reserve barrels of crude oil or its natural gas equivalent, and will be supported by a basket of oil and gas assets including physical oil and natural gas, oil and gas futures or derivatives, and interests in oil producing properties with an aggregate initial value approximating the aggregate value of all PDX in circulation.
PDX has been structured with a view towards becoming the world’s leading safe-haven tokenized store of value. By linking each PDX token to existing and verified real world assets, PDX enables holders of digital and fiat currencies seeking to preserve wealth, lock in gain and/or avoid loss to acquire, hold and transfer intrinsic value in digital token form. In order to meet increased demand over time, the number of PDX in circulation and their supporting oil and gas reserves are able to expand in tandem to maintain an approximate equilibrium between the USD price of a single PDX token and a multiple barrels of oil, or its natural gas equivalent, on global markets without diluting the interests of existing PDX holders.
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